Risk is off, the yen, swissy, bonds, gold & oil are on

EUR/USD: Short-term Fibo-adjusted “Ichimoku tools” are in positive gear with the 21day “Kijun-Sen” acting as support. The 21day regression is also retaining a positive slope but the market isn’t making any great use of the 2 standard deviation band (showing muted directional conviction over the past week). Watch how any break outside 1.3320-1.3410 to get some kind of directional indication.

Read the full report: Technical Alert

 

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